EU sees UK economy tanking in first forecast assuming no-deal
The European Commission cut its forecast for 2021 U.K. economic growth almost in half, in its first ever regular outlook based on the assumption that…
A stalled conflict in Sahara risks reigniting as trade blocked
Protesters in the disputed region of Western Sahara blocked Morocco’s main trade route to West Africa, prompting a warning that a conflict suspended for three…
German factory orders rose for fifth month in September
German factory orders extended their recovery in September, albeit at a slower pace, suggesting industry will support Europe’s largest economy through the second wave of…
Apple faces shortages in power chips for iPhone 12
Apple Inc. is grappling with a shortage of vital chips that manage power consumption in iPhones and other devices, people with knowledge of the matter…
EU, UK warn of big disagreements after intensive Brexit talks
The European Union and U.K.’s top Brexit negotiators warned of big disagreements between the two sides after 14 days of intense, round-the-clock discussions failed to…
USDOC issues APCDD for passenger vehicles and light truck tires from Vietnam
\U.S. Secretary of Commerce Wilbur Ross announced an affirmative preliminary determination in the countervailing duty (CVD) investigation of passenger vehicle and light truck (passenger tires)…
China props up the bulk trades as industry plans for the worse
China is stockpiling every kind of commodity at a “mind-blowing” rate, with the country’s imports propping up an overall fall in trade volumes globally, bulk…
Canada expands citizenship to foreigners in bid to stem exodus
Prime Minister Justin Trudeau’s government is trying a new tactic to mitigate the economic damage from a dramatic drop in immigration: persuade foreigners already in…
Xi seeks to ease concerns that China’s economy is turning inward
Chinese President Xi Jinping tried to re-assure international businesses that the nation is committed to open trade, amid concerns that the new ‘dual circulation’ strategy…
Canada’s trade deficit stays elevated on import rebound
Canada’s trade gap was little changed in September at elevated levels as imports have rebounded more quickly than exports since the onset of the pandemic.
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